Alight executive reports initial share holdings
Alight, Inc. executive Dinesh V. Tulsiani reported his initial ownership positions in various Alight securities.
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Form Type
3
Rhea-AI Filing Summary
Alight, Inc. executive Dinesh V. Tulsiani reported his initial ownership positions in various Alight securities. He holds 774,649 shares of Class A common stock directly, plus indirect interests through Tempo Management, LLC in Class V common stock and Class A and Class B units that can relate to Class A common stock under defined vesting and exchange terms.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Tulsiani Dinesh V
Role
President, Employer Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Units | -- | -- | -- |
| holding | Class B-1 Common Stock | -- | -- | -- |
| holding | Class B-2 Common Stock | -- | -- | -- |
| holding | Class B-1 Units | -- | -- | -- |
| holding | Class B-2 Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class V Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Units — 83,517 contracts (Indirect, By Tempo Management, LLC);
Class B-1 Common Stock — 13,674 contracts (Direct);
Class B-2 Common Stock — 13,674 contracts (Direct);
Class B-1 Units — 2,717 contracts (Indirect, By Tempo Management, LLC);
Class B-2 Units — 2,717 contracts (Indirect, By Tempo Management, LLC);
Class A Common Stock — 774,649 shares (Direct);
Class V Common Stock — 83,517 shares (Indirect, By Tempo Management, LLC)
Footnotes (5)
- F1. Includes restricted stock units scheduled to vest in the future.
- F2. Shares of Class V common stock do not represent economic interests in the Issuer. Except as provided in the Issuer's Certificate of Incorporation or as required by applicable law, holders of Class V common stock with be entitled to one vote per share on all matters to be voted on by the Issuer's stockholders generally. Upon exchange of Class A Units of Alight Holding Company, LLC that are held by the Reporting Person, an equal number of shares of the Issuer's Class V common stock will be cancelled for no consideration.
- F3. Class A Units will have no voting rights but are entitled to share in the profits and losses of Alight Holdings. Class A Units held by the reporting persons can be exchanged, up to once per calendar quarter for an equal number of shares of the issuer's Class A common stock ("Class A Shares"). Notwithstanding the foregoing, the issuer will be permitted, at its sole discretion, in lieu of delivering s Class A Shares for any Class A Units surrendered for exchange, to pay an amount in cash per Class A Unit equal to the 5-day volume weighted average price of the Class A Shares ending on the day such measurement is made.
- F4. Shares of Class B-1 common stock ("Class B-1 Shares") and shares of Class B-2 common stock ("Class B-2 Shares" and, together with Class B-1 Shares, "Class B Shares") do not represent economic interests in the issuer, except for participation together with Class A Shares in any dividends or distributions, which amounts will accrue and only become payable upon the occurrence of certain Class B vesting events. Holders of Class B Shares are not entitled to any voting rights with respect to such shares, except as required by applicable law. Class B Shares will automatically convert into Class A Shares on a one-for-one basis (subject to adjustment) upon the occurrence of certain Class B vesting events.
- F5. Class B Units will not be entitled to share in any profits or losses of Alight Holdings and will have no voting rights or rights to distributions. Class B Units will vest and automatically convert into an equal number of Class A Units as follows: (i) the Class B-1 Units will vest upon the occurrence of a Class B-1 vesting event and (ii) the Class B-2 Units will vest upon the occurrence of a Class B-2 vesting event. Upon the conversion of a Class B Unit, the holder of such Class B Unit will be entitled to receive a payment (a "Dividend Catch-Up Payment") equal to the aggregate amount of distributions paid per Class A Unit (excluding tax distributions) from July 2, 2021 and ending on the day prior to the date on which such Class B Unit converts into a Class A Unit. If any of the Class B Units do not vest on or before July 2, 2028, such units will be automatically forfeited and cancelled for no consideration and will not be entitled to receive any Dividend Catch-Up Payments.
Key Figures
Direct Class A common stock: 774,649 shares
Indirect Class V common stock: 83,517 shares
Class A Units (indirect): 83,517 units
+5 more
8 metrics
Direct Class A common stock
774,649 shares
Total shares following transaction on Form 3
Indirect Class V common stock
83,517 shares
Held indirectly through Tempo Management, LLC
Class A Units (indirect)
83,517 units
Exchangeable into an equal number of Class A common shares
Class B-1 Units (indirect)
2,717 units
Underlying 2,717 Class A common shares upon vesting and conversion
Class B-2 Units (indirect)
2,717 units
Underlying 2,717 Class A common shares upon vesting and conversion
Class B-1 Common Stock
13,674 shares
Direct holdings, convertible one-for-one into Class A shares upon vesting events
Class B-2 Common Stock
13,674 shares
Direct holdings, convertible one-for-one into Class A shares upon vesting events
Exchange price for units
$0.0000 per unit
Conversion or exercise price on Class A, B-1, and B-2 units
Key Terms
Class V common stock, Class A Units, Class B Units, Dividend Catch-Up Payment, +2 more
6 terms
Class V common stock financial
"Shares of Class V common stock do not represent economic interests in the Issuer."
Class A Units financial
"Class A Units will have no voting rights but are entitled to share in the profits and losses of Alight Holdings."
Class A units are a specific type of ownership stake in a company, fund, trust, or partnership that carries a defined set of rights—often different voting power, dividend priority, or fee arrangements—distinct from other classes of units. For investors they matter because those differences affect control, income and potential returns; think of two neighbors in the same building where one has a bigger say in decisions or a larger share of rental income.
Class B Units financial
"Class B Units will vest and automatically convert into an equal number of Class A Units as follows:"
Dividend Catch-Up Payment financial
"the holder of such Class B Unit will be entitled to receive a payment (a "Dividend Catch-Up Payment") equal to the aggregate amount of distributions paid"
volume weighted average price financial
"to pay an amount in cash per Class A Unit equal to the 5-day volume weighted average price of the Class A Shares"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
vesting event financial
"Class B Shares will automatically convert into Class A Shares on a one-for-one basis ... upon the occurrence of certain Class B vesting events."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Alight (ALIT) executive Dinesh V. Tulsiani report on this Form 3?
He reported his initial ownership positions in Alight securities, including Class A common stock, Class V common stock, and various Class A and Class B units. These entries show his direct and indirect holdings rather than any new purchases or sales.
What indirect Alight (ALIT) interests are held through Tempo Management, LLC?
Through Tempo Management, LLC, he reports 83,517 Class V common shares and 83,517 Class A Units, plus Class B-1 and B-2 Units. These units are tied to Class A common stock through exchange and vesting mechanics described in the footnotes.
How do Alight (ALIT) Class A Units and Class B Units function for this insider?
Class A Units share in profits and losses of Alight Holdings and can be exchanged for Class A common shares or cash at the issuer’s discretion. Class B Units vest into Class A Units upon specified vesting events or are forfeited if unvested by July 2, 2028.
What is the Dividend Catch-Up Payment mentioned in the Alight (ALIT) filing?
Upon conversion of Class B Units into Class A Units, the holder becomes entitled to a Dividend Catch-Up Payment. This equals distributions paid per Class A Unit, excluding tax distributions, from July 2, 2021 until just before the conversion date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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